This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the …

This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the …

not been scrutinized in the literature on consumer search. We propose a theoretical model that incorporates this kind of … information asymmetry into a simultaneous search model. Our key finding is that greater product availability may harm buyers by … mitigating their willingness to search and, thus, softening competition. …

In markets with search frictions, consumers can acquire information about goods either through costly search or from …

Consumers can acquire information through their own search efforts or through their social network. Information … acquisition via active search. Free-riding also has an important positive effect, however, in that consumers that do not actively … search themselves are more likely to be able to compare prices before purchase, imposing competitive pressure on firms. We …

We analyze competition on nonlinear prices in homogeneous goods markets with consumer search. In equilibrium firms …

This paper analyzes how subjective expectations about wage opportunities influence the job search decision. We match … finding? We analyze this question using a structural job search framework in which subjective expectations about future wage … discouraged and thus increases search. On average, optimism increases the duration of unemployment by about 6.5%. …

Perceived urgency and regret are common in many sequential search processes; for example, sellers often pressure buyers … in search of the best offer, both time-wise and in terms of potential regret of forgoing unique purchasing opportunities …. theoretically, these strategies result in anticipated and experienced regret, which systematically affect search behavior and …

We study the interplay between quality provision and consumer search in a search market where firms may design products … equilibrium in which both superior and inferior quality is offered and show that as search frictions vanish, the share of firms … forces them to search longer to find a superior product. We argue that policy interventions that reduce search frictions such …

We study the implications of biased consumer beliefs for search market outcomes in the seminal framework due to Diamond … (1971). Biased consumers base their search strategy on a belief function which specifies for any (true) distribution of …